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NZDCHF - Following My Friend - The Trend 👬Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCHF has been overall bearish trading within the falling orange channel and it is currently retesting the upper bound / trendline. Moreover, the zone 0.55 - 0.5575 is a strong resistance. 📉 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline acting as a non-horizontal resistance. 📚 As per my trading style: As NZDCHF approaches the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Knowing that NZDCHF can still trade inside the resistance zone before going down. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
HelenP. I Gold can correct to trend line and then continue riseHi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from support 2, which is located in the support zone, and tried to rise, but failed and in a short time declined to the trend line, thereby breaking this level. After this, the price rebounded from the trend line and made impulse up higher than support 2. Later price rose higher and then made a correction to the trend line, after this Gold rebounded from this line and continued to move up to support 1, which coincided with one more support zone. And soon, the price broke this level, and entered to support zone, but at once rebounded below and fell to the trend line. Also soon, Gold backed up to support 1 and recently broke it again. As well then it continued to rise and now Gold trades higher than the support zone and for my mind, it can decline to the trend line, which is located in the support zone. Then price rebounded and continued to move up, therefore I set up my target at the 2030 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
1
It is time to SKALE ⤴️Hello TradingView Family / Fellow Traders, 📉 After a 130% surge , BITRUE:SKLUSDT has entered a correction phase and is currently trading within the descending blue channel. 🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes. 📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required. Meanwhile, an expected movement towards the demand zone is anticipated. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
EA Sports - It's in the game 🏆Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 EA has been overall bearish from a medium-term perspective trading inside our red channel. However, it is currently approaching the lower long-term blue trendline acting as a non-horizontal support. Moreover, the zone 110 - 115 is a strong support zone . 📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone, lower trendline in blue acting as support, and lower trendline in red acting as an oversold area. What I call a TRIO retest! 📉 As per my trading style: As EA approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:EALong
by TheSignalyst
5
indicators used to measure main factors surrounding pricethere are 4 main key elements in market price action that i have come across. these help traders/investors determine many crucial factors of price like strength, direction, motion, even speed. these are : momentum, trend, volume and volatility. in this idea I will be explaining these price forces and the different types of indicators/tools used to measure them. 1. MOMENTUM - this is the strength /intensity behind price movement or simply the speed at which price is changing. this helps traders/investors capitalize on market volatility. this is a very important price factor for breakout traders. types of momentum indicators : - THE RELATIVE STRENGTH INDEX, this indicator is used it bear and bull markets by measuring recent price changes with levels from 0-100. levels below 30 indicate oversold market conditions indicating bullish strength, and levels above 70 signal overbought market conditions indicating sell bias and 50 is a balance between the two. - AVERAGE DIRECTIONAL INDEX, this unlike other momentum indicators measures the strength of current market direction rather than determining whether the market strength is bullish/bearish. it is measured between 0 to 100 with level below 25 indicating weak trend, 25-50 strong trend, 50-75 very strong, 75-100 very strong trend. other momentum indicators include - stochastic oscillator, MACD, commodity channel index 2.TREND - this is the overall direction of an asset price, either up, down and sideways. types of trend indicators -moving average, this is the average closing price of an asset over a certain period of time, when price is trading above the moving average price is said to be in an uptrend and if trend is trading below it is in a downtrend. -trendline, this is a price line that is formed by connecting price highs and lows, if price is forms a full OHLC candlestick above bearish trendline connecting lower lows and lower highs it indicated change in trend from bearish to bullish and vice-versa. 3. VOLATILITY - this is the the degree of variation in relation to an average price level or rate at how price fluctuates. it provides market opportunities as the more price changes the more investors/traders can capitalize on these price changes. types of volatility indicators -average true range, this indicator measure volatility over a certain period of time by moving up and down based on significant noticeable price changes calculated by subtracting previous close from current high, previous close from current low and current low from current high. do this continuously to get average of true ranges. -bollinger bands- this consists of 3 lines, a simple moving average , upper band and lower band. when the market becomes more volatile the bands widens and low levels of volatility the bands loosen or contract. other volatility indicators include : relative volatility index, average directional movement index. 4.VOLUME - this is the number of contracts exchanged or trades for a certain asset in a period of time, this can help traders/investors determine strength and direction of trend. types of volume indicators -MONEY FLOW INDEX, this indicator measures the flow/direction of money in and out of a particular asset class over a specified period of time. positive money flow is the total of positive numbers , if today's price is greater than yesterday's price it indicates positive money flow and vice versa, this is to measure volume of rising and falling periods. -ON BALANCE VOLUME, this measures bearish and bullish pressure by adding volume of bull days and subtracting volume of bearish days it can be calculated in a simple formula : if today's closing price is higher than yesterday's closing price it goes like, Current OBV = PREVIOUS DAY + today's volume and subtract today's volume if today's closing price is lower than yesterdays' price. hope this information helps/improves your trading/investing. put together by Pako Phutietsile ( @currencynerd )
OANDA:XAUUSDEducation
by currencynerd
ADA/USDT - Long Wait Has Come To End (We Reached Resistance) The price has reached the anticipated resistance zone, currently demonstrating strong holding power from sellers. Furthermore, the RSI exiting the overbought zone indicates the beginning of a potential bearish trend. This combination of factors—the resistance hold and the RSI shift—suggests that traders may start to see a downward trend in price. Now waiting to see if we will reach that target support around $0.2550 Swallow Team
Short
by SwallowAcademy
Bitcoin about to fall down?We are back with some Bitcoin ideas! We've been experiencing some big pumps for the last couple of months, from approximately 27k to 38k almost non-stop. If you managed to buy around or under 27k, congrats! So, what to expect next? To me it looks clear that btc is experiencing some hard times around 38k. We reached that level pretty quickly, but we've been there for almost 3 weeks, and btc rejected that zone multiple times. Bouncing that many times indicates there's a big amount of bitcoins ready to sell at that price or that there's no one willing to buy at those levels. This chart shows what is going through my mind right now. The yellow mark symbolizes the 38k resistance. It looks like btc had bounced from it ~4 times until finally broke through it. The problem that if find is that just after it broke through, it came back down . To me that's what people call "red flag". I feel like doing that movement is what is called a short hunting, looking to kill shorts and then make a big change on price direction. If you look back on the chart, you can see that this pattern happened many times. To me is a direct alert that something is about to happen. If we look on the red line, we can se an uptrend. It did not break any support until today, when we broke the support nº1. I still think we would need to break support nº2-3 to make it clear that we've got a trend change, but from my point of view support nº1 was enough for me. Looking at the left part, I cannot see any clear support under nº4, so all that zone is just liquidity. Probably breaking under nº4 means we are gonna visit low 30's or even high 20's, so keep that in mind. So, to conclude, my expectations are that we are gonna go down and visit low 30's-high 20's with a 70% chance. Btc has been pumping a lot recently, so we could expect a pullback at any moment. As I said, I still think we can hit 40k, but chances are not that great. I want to see how that 4h candle closes... if it closes above that nº1 line there's still chance to hit 40k. I do not feel that we are going to visit higher prices in the short term, so taking profits around 38k was my goal. Also we are approaching end of the year, so my expectations are that many people will take profits before vacations. Also we are entering on the "Christmas rally" zone, but I'm not sure how's that gonna effect bitcoin. So that's it. If you've got any questions, ideas or comments, feel free to say anything!!! :) DISCLAIMER: That's not a financial or investment advise in any case. That's just my opinion and my ideas. Always do your own research, and manage your capital with head.
COINBASE:BTCUSDShort
by LordSurri
Bitcoin - Back Inside The Range? 📦Hello TradingView Family / Fellow Traders, 📌 on Weekly: Left Chart As per my last analysis, BTC is still hovering around the 38,000 - 40,000 resistance zone. 🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level. 📌 on H4: Left Chart Meanwhile, considering BTC's proximity to a resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 30,000 to 32,000 range. 📉 To trigger the bearish scenario, a break below the last significant low in red at 35,670 is required. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
EURSGD - Making a Complete 180Similar structure to the AUDSGD trade idea I just published, but I have a few more points to add here. I was originally short this pair. I attempted to make another attempt to enter short and ended up taking out a loss. Since price broke to the upside of this range, my directional bias has changed from bearish to bullish. Momentum picked up nearing last Friday's close and the moving average crossover is an indication of potential price acceleration for the week ahead.
Long
by FinancialGamblR
AUDSGD - Upside Momentum Picking UpThe Singapore dollar appears to be weaker against several pairs. I believe the "cleanest" setup is on the AUDSGD pair, but this signal also exist on the EURSGD pair as well. Price makes a new lower low. Price fails to push to new lows, confirming that the previous low point holds up. The third test and failure of forming a new lower low is a good indication that selling pressure has weakened. Momentum to the upside picked up last Friday going into the weekend. In addition, I'm beginning to see a moving average formation, which is a further indication that momentum to the upside is picking up.
Long
by FinancialGamblR
EURNZD - Downside Momentum PlayI see high probability to the downside for the week ahead. Here's a breakdown of the five key points I'm looking at. Price tops out in late-August of 2023. Price fails to push above previous highs, which serves as another indication that this range marks a relative high point for this pair. Price re-enters this range, but sits lower than the previous high at #2. Very repeatable pattern as price re-enter a lower range. Watching the break and waiting for momentum to pick up to the downside as price is beginning to accelerate last Friday.
Short
by FinancialGamblR
1
AUDUSD - Trend Formation?Early last week, traders started taking profit on US dollar long positions in anticipation of an end to rate hikes. The Federal Reserve shared a sentiment that there likely won't be any further rate hikes, but they will remain elevated depending on how inflation figures come out. From a technicals perspective, I am beginning to see some major shifts happening. Over on the AUDUSD pair, there are two key points I'd like to point out. Price breaches above a consolidation, which I mark in a style similar to the Darvas box system. Simultaneously, the moving average crossover is a further confirmation that price momentum is accelerating to the upside. This pair closed off strong last Friday so I do anticipate seeing a smaller pullback on Sunday's open before a further rally to the upside.
Long
by FinancialGamblR
How to trade Double Tops to the Short Side using 1 hour barsI always ask myself: What's my favorite chart pattern for finding high probability entries? I look at my stats, I look at my various strategies, and I always find I like one type of trade best: Trend Continuation trades using double tops for shorts and double bottoms for longs. The strategy is simple: Using 1 hour wickless bars, (I'll show you how in the video), identify a trending stock by seeing where price is clearly up or down, then identify a double top or double bottom occurring along the trend. When you have two confirmed tops or bottoms, get short or long, as the case may be. The patterns really do come in all shapes and sizes, but they are best when they occur along a resistance line, be it VWAP, a 20 EMA, or some other. They also can be confirmed by looking at your RSI chart which will indicate clearly two v bottoms for a long entry or two peaks for a shorty entry. Seeing where on the RSI chart these double patterns are forming is also instructive. Longs should show up on the RSI chart as a pair of v bottoms occuring at the bottom of the upper half of the chart, above the 50% line. Shorts should show up on the RSI chart as a pair of peaks at the top of lower half of the chart, just below the 50% line. Because you're using 1 hour bars to find entries, it naturally stands to reason that your setups will trigger at the top of the hour, when there is typically a burst of volume. If your analysis is correct, that volume burst will push your trade in the proper direction within seconds, so if you like instant gratificatrion like I do, you'll enjoy that aspect of trading this way.
CAPITALCOM:US100Education
by BlackCar
APE/USDT 1D. Idea. Huge pump soon. Explanation of the chart.Hi everyone. Been out for a while, there's a reason for that. Market consolidating, no need to update much. Now we're on the verge of the beginning of the somewhat altseason. So now is the time to update. Let's make a small remark, Others.d chart(capitalization of top 150 altrcoins) has pumped 20% today, huge sign for altseason. Now let's dive into this coin APE. There's a big Pump group in this token hence a movement is expected. There's 3 types of trend as for the DOW theory. Main trend, Secondary trend, local One. Let's analyze this chart with this trend theory. The main trend(here's not the all history of the coin) - Downtrend, shown as red on the chart. Secondary trend - downtrend channel. Local trend - falling wedge, where the resistance confluences with the main downtrend. Right now we're staying near under the support of the downtrend channel - here's also the support of the broken down local falling wedge. It's called a confluence of 2 zones - better seen on chart, where 2 levels become as one point. We've broken down the downtrend channel(it's called a deviation). Consolidated there for 66 days. It's a good sign for the future pump, because paperhands are thrown out of market(no understanding of market cycles -> leaving the market). As soon as we break this confluence zone up and got back into the channel - a potential to the resistance of the channel is opened. It's about 133% which is shown also on the chart. After we got into the channel - only main downtrend line which is also the resistance on the wedge will hold us. When we break this one - free road to the resistance of the channel is opened. This is about 4.8$ zone. Now notice that we've reached the 1.6$ zone, which is often the bottom zone for the crypto assets. The easiest example is Bitcoin at 16666$ zone and then the reversal, but u can find tons of such example if u look into it(one that comes right now to my mind is UMA - pump from 1.6$ zone, another one is T coin(T/USDT) - accumulation in 1.6$ zone in the beginning of 2023 then pump 400% something like that). I write a lot about it in my ru Channel, but now i share it here also. This is not the typical stuff u will hear from traders, and u may think it's foolish when u first look at it, but it works and u may check this out for ur self. Maybe later i will share why it works. But the main thing it works. Also notice that 16x3 is 48 whish is the target for this coin. 48 has it's numerological meaning. This how the magic of numbers works. Don't think about it, just feel it and use it for better understanding. Capitalization of the coin is 777m$ as for the august 14th. x2.5 pump is about 2b$ which is not that much, so can be realized. On the daily chart we also have the bullish divergence(triple(3)) on the RSI, this may be used as the addition to the all aforementioned. Consider the price moves with the market, so don't expect it to pump alone tomorrow for 130%. It takes some time.
Long
by TradingTsar
GBPJPY: Trend is still bullishFrom a technical point of view, the trend is bullish on intraday chart, and OANDA:GBPJPY pair could trigger another bullish leg in the short term. If we look on 1H chart, the price remains within a narrow trading range, and this means volatility compression. In this technical context, if the price remains above 184.552 a breakout on the bullish side should be logical. If this happens, we will need to look for potential Targets and in this case the formation of a Harmonic Pattern could help us. If we look at the harmonic structure (for us it's bullish) in the window, we see 2 Targets: 186.34 and 186.83 . HARMONIC PATTERN ZOOM ========================== TRADING STRATEGY ================= If this analysis is correct, wait for the completion of wave 1 and try to take a long position on retracement, with stop loss below wave 1 or better below 184.552 Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
12
SOL 🎵 Playing Out LoudHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Weekly : Left Chart 📊 As per our last analysis, SOL broke above the 50.0 round number signaling the start of the MarkUp phase. H4 : Right Chart 📈 From a medium-term perspective, SOL is still bullish trading within the green rising broadening wedge. 📉 SOL will remain bullish and we will be looking for trend-following buy setups after every correction, unless the 50.0 support is broken downward, in which case a bearish correction would begin. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1